Fewer Americans own homes than thought, new Fed search finds
Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
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Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
Sky-high housing prices make even starter homes too expensive for most Americans, housing data show.
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
Buyers can still find lower-cost homes in some midsize cities, especially across the Rust Belt and Sun Belt, a new analysis finds.
Cities in Florida and California, where home prices soared during the pandemic, saw some of the steepest declines in property values.
A bipartisan Senate duo is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country's housing affordability crunch.
New numbers show that home sales across the Greater Sacramento region are on a rebound, and there's a surprising new city taking the top spot away from Roseville, which had been the hottest housing market.
Spirit Airlines again filed for bankruptcy protection from its debts only months after emerging from Chapter 11.
Real estate company Compass claims Zillow is illegally undermining competition by banning property listings if they don't appear on Zillow within 24 hours.
Home sale prices are at a record high, but buyers are nevertheless paying below sellers' asking prices, research shows.
Households earning $75,000 can afford only 1 in 5 for-sale homes, down from half of all listed properties before the pandemic, a new study finds.
There's a real estate rarity in Placer County: A single-family home that's being sold for under $200,000, but of course, there's a catch.
A 12,660-square-foot, nine bedroom estate on the California side of Lake Tahoe set a new record late last month when it sold for $27.5 million, according to the company that handled the sale.
The order targets opportunistic real estate speculators who make unsolicited cash offers well below market value in attempts to exploit victims of the Los Angeles-area fires.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
Many million-dollar properties are no longer considered luxury homes, with almost 1 in 10 U.S. houses costing at least that.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
The Biden administration wants a new law that would cap annual rent increases at no more than 5% — or landlords would lose a major tax break.
Purportedly won in a bet, the Bay Area's only private island a short distance from the Richmond-San Rafael Bridge is up for sale with an asking price of $25 million.
While real estate prices in California and the San Francisco Bay Area continue to shatter records, there is one Bay Area city that is bucking that trend for now.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
A new report shows homebuyers in Modesto, are paying 30% more for their new homes than what they're worth.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
About 37,000 customers across the Truckee and North Lake Tahoe region are without power Saturday night after transmission lines were de-energized due to the Hawk Fire in Nevada.
For 32 years, the Shingle Springs Band of Miwok Indians has brought Big Time to the heart of their reservation. It's a weekend full of celebrating culture and bringing people from all walks of life together.
A suspect was arrested in a shooting last August in a Fairfield parking lot that left a teen dead, police said on Saturday.
Nearly a third of Sacramento's serious crashes are linked to drivers running red lights, city officials say. Now, the city is considering bringing back red-light enforcement cameras, two years after its previous program was shut down.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
About 37,000 customers across the Truckee and North Lake Tahoe region are without power Saturday night after transmission lines were de-energized due to the Hawk Fire in Nevada.
Nearly a third of Sacramento's serious crashes are linked to drivers running red lights, city officials say. Now, the city is considering bringing back red-light enforcement cameras, two years after its previous program was shut down.
For 32 years, the Shingle Springs Band of Miwok Indians has brought Big Time to the heart of their reservation. It's a weekend full of celebrating culture and bringing people from all walks of life together.
A suspect was arrested in a shooting last August in a Fairfield parking lot that left a teen dead, police said on Saturday.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Nearly a third of Sacramento's serious crashes are linked to drivers running red lights, city officials say. Now, the city is considering bringing back red-light enforcement cameras, two years after its previous program was shut down.
The program, funded by the community walking and biking safety group North Natomas Jibe, claims it can make a bike as good as new.
A former president of Telemundo 33 in Sacramento was among seven people killed Wednesday when a helicopter crashed in a remote area of northern Kenya, the news station confirmed.
College researchers studying public health say they found prohibited intoxicating products being sold at more than half of the Sacramento smoke shops they surveyed this summer.
For 24 years, John Castro has been teaching students at Earl Warren Elementary School in Sacramento. Along the way, he has made an impact that extends far beyond the classroom.
The agency issued multiple citations and penalties to a backcountry guide company involved in California's deadliest avalanche earlier this year near Lake Tahoe.
For California's craft distilleries, the ability to ship directly to customers has become an important way to reach consumers beyond their tasting rooms and local restaurants.
State Sen. Aisha Wahab holds a narrow lead over BART director Melissa Hernandez in the race to replace former Rep. Eric Swalwell in California's 14th Congressional District.
California lawmakers are weighing whether to take action after videos surfaced showing an electric-shock glove that may soon be used as part of federal immigration enforcement.
There is a new effort to increase the minimum wage and training requirements for security guards in California ahead of the 2028 Olympics.
Athletics shortstop Jacob Wilson was placed on the 10-day injured list because of a dislocated left shoulder.
The Athletics' stadium on the Las Vegas Strip is taking shape with the addition of a second steel truss arch.
Jacob Cowing returned a punt for an 83-yard touchdown, Eddy Pineiro kicked a pair of field goals and the San Francisco 49ers beat the Los Angeles Chargers 41-17 on Thursday night in a preseason game.
The San Francisco 49ers will have a few more starters making their preseason debut in a matchup with the Los Angeles Chargers on Thursday at SoFi Stadium in Inglewood, California.
John Rave hit a tiebreaking, bases-clearing double during a seven-run eighth inning, and the Kansas City Royals rallied past the Athletics 9-7.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
In what has become a debate garnering national attention over whether standardized testing should continue to be administered in schools, California legislators are urging the state's public universities to reconsider their policies on SAT and ACT scores.
Chief Justice John Roberts issued a stay that will remain in place until the Supreme Court takes further action.
The aircraft carrier and its 5,000 crew members will return to San Diego after an approximately nine-month deployment.
The partial term for California's 14th Congressional District ends January 2027, after which the candidate chosen in the November election will serve the next full term.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
An evacuation order for the Ross Fire in Calaveras County was downgraded as crews stopped the forward progress.
The evacuation order and warning were lifted for the Clover Fire in the Alta Sierra area in Nevada County on Friday afternoon.
Evacuation orders have been lifted for a wildfire that ignited east of Mountain Ranch in Calaveras County on Thursday, officials said.
An evacuation warning for a wildfire burning in the Tahoe National Forest was lifted as containment increased to 55%.
A fire in the area of Yuba Ridge Drive near Nevada City forced an evacuation order and warnings.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
About 37,000 customers across the Truckee and North Lake Tahoe region are without power Saturday night after transmission lines were de-energized due to the Hawk Fire in Nevada.
Madisen Keavy reports.
Here's a look at the weather forecast Saturday evening.
For 32 years, the Shingle Springs Band of Miwok Indians has brought "Big Time" to the heart of their reservation. It's a weekend full of celebrating culture and bringing people from all walks of life together.
Conor McGill reports.